According to estimates, between 2021 and 2026, the fashion and apparel sector within the global retail industry is expected to grow at a CAGR of 8.7 percent, making this the world's fastest growing retail product category. Following fashion and apparel, electricals are forecast to be the second-fastest growing product category based on CAGR.
Compound annual growth rate (CAGR) of the global retail sector from 2021 to 2026, by product category
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CAGR 2021-2026
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Edge by Ascential. (September 1, 2021). Compound annual growth rate (CAGR) of the global retail sector from 2021 to 2026, by product category [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1263621/global-retail-sector-cagr-by-product-category/
Edge by Ascential. "Compound annual growth rate (CAGR) of the global retail sector from 2021 to 2026, by product category." Chart. September 1, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1263621/global-retail-sector-cagr-by-product-category/
Edge by Ascential. (2021). Compound annual growth rate (CAGR) of the global retail sector from 2021 to 2026, by product category. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1263621/global-retail-sector-cagr-by-product-category/
Edge by Ascential. "Compound Annual Growth Rate (Cagr) of The Global Retail Sector from 2021 to 2026, by Product Category." Statista, Statista Inc., 1 Sep 2021, https://www.statista.com/statistics/1263621/global-retail-sector-cagr-by-product-category/
Edge by Ascential, Compound annual growth rate (CAGR) of the global retail sector from 2021 to 2026, by product category Statista, https://www.statista.com/statistics/1263621/global-retail-sector-cagr-by-product-category/ (last visited July 22, 2024)
Compound annual growth rate (CAGR) of the global retail sector from 2021 to 2026, by product category [Graph], Edge by Ascential, September 1, 2021. [Online]. Available: https://www.statista.com/statistics/1263621/global-retail-sector-cagr-by-product-category/